Results 25,961-25,980 of 27,019 for speaker:Michael Noonan
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: The Minister has no cards left. His colleagues over the weekend with their incredible denials embarrassed the nation and I am afraid their denials did not work. The other strategy the Minister has drawn from poker is bluff and he is the greatest proponent of bluff I have ever seen in this House. He and the Taoiseach have been bluffing for weeks now, but the bluff is not working and the...
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: That is the unvarnished truth of the situation. The Governor of the Central Bank, Professor Honohan - fair dues to him - told the people this morning what the Taoiseach, under questioning yesterday, failed to tell this House. The origins of this crisis are in the Government's disastrous banking policy. It was warned when it implemented it that it was on the road to disaster. It was warned...
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: I will come to the default strategy and if the Deputy reads the Minister's speech he would see to where he has moved; the Deputy probably missed that part of it. The Government has never explained adequately in this House why it decided to take over Anglo Irish Bank lock, stock and barrel. It has been alleged that there was close social contact between the Taoiseach and the principals of the...
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: The answer has to be "Yes" this morning - one bank can bring down a country. The Government's banking policy has been an absolute disaster and it pursued it in the teeth of opposition here and expert opinion outside this House. That is what brought us to this point this morning. As the crisis broke in recent days the Government has been trying to spin itself out of accepting the blame for...
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: Not at all. Why did the Minister not do it?
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: He did it under pressure from the House. Now, he has moved again. He is now opening the door to the possibility that moral hazard will apply in Europe and that negotiations could take place with senior bondholders so they, as the Minister put it, would share the burden as well. To disguise the very significant policy move, he warned, "Discussions are ongoing at EU and international level...
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: -----in Europe. Under pressure from his visitors in the Department of Finance he is exploring the possibility-----
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: It is in the second-last paragraph of page 4 of the Minister's script. Deputy Fahey is living in fantasy land. I was not using my own words, but quoting the Minister.
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: There might be another version but I can quote only from what the Minister circulated.
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: There is a big policy change this morning. Now the Government, under pressure from Europe, is contemplating negotiations whereby senior bondholders would not be paid in full for the disaster in the banks. I welcome that. It should have been done years ago. If it had, we would not be in the current fix. I do not know what mechanism will be finally put in place. I presume the Minister has...
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: Perhaps we should take a break so the nurse could come to Deputy Fahey.
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: The only honourable thing the Minister and his colleagues can do now is resign and give the Irish people the opportunity to elect a Government with a clean mandate to sort out the situation.
- Irish Banking: Statements (18 Nov 2010)
Michael Noonan: I have four questions initially. Will the Minister state the protections available to Irish depositors? The statutory guarantee is limited to â¬100,000. Does the guarantee re-enacted in the House yesterday provide a guarantee to depositors of an unlimited nature? Will the Minister set this out because people are concerned? The Minister has a strong legal background and has acknowledged...
- Written Answers — Health Service Funding: Health Service Funding (11 Nov 2010)
Michael Noonan: Question 16: To ask the Minister for Health and Children the position regarding the scale of the budget deficit in health in the four Health Service Executive areas; the action being taken to address the deficit; and if she will make a statement on the matter. [41965/10]
- Written Answers — Health Service Expenditure: Health Service Expenditure (11 Nov 2010)
Michael Noonan: Question 14: To ask the Minister for Health and Children the way the capital budget for health has been reduced under the revised capital programme 2010 to 2016; the planned projects that will be delivered within the next six years; the planned project that will not now be delivered within the next six years; if she will publish a full list of capital projects and the revised timeframes for...
- Written Answers — Tax Collection: Tax Collection (10 Nov 2010)
Michael Noonan: Question 61: To ask the Minister for Finance his views on the decline in receipts from DIRT tax in the Exchequer returns published on 2 November 2010; and if he will make a statement on the matter. [41606/10]
- Written Answers — Financial Services Sector: Financial Services Sector (10 Nov 2010)
Michael Noonan: Question 81: To ask the Minister for Finance if he has received a report conducted by Ernst and Young into policies and practices at Irish Nationwide Building Society; if he will publish the report; and if he will make a statement on the matter. [41607/10]
- Fiscal Policy (10 Nov 2010)
Michael Noonan: Did the Minister check the basement?
- Departmental Staff (10 Nov 2010)
Michael Noonan: The Minister's reply was interesting. Normally, the distribution of grades in a Department is a pyramid when graphed. The Minister's Department seems to be more of a cylinder. If it was an Army unit, the Minister would be accused of having far too many officers and too few soldiers. Are there staff in the Department who have been seconded from the private financial sector? If so, how...
- Banks Recapitalisation (10 Nov 2010)
Michael Noonan: If the Minister had not taken the interest holiday on the promissory notes, what would be the extent of the estimated correction for 2011 on the budgetary side?